Background

Mr. Lawrence A. Marsiello is Managing Director of Financial Services Investment Team at Pine Brook Road Partners, LLC. He joined the firm on April 2010 and previously served as a Special Advisor of Financial Services Investment Team. He advised on opportunities in specialty lending credit and related financial services businesses. He is dedicated to the commercial bank, consumer and commercial finance segments of the firm's financial services investment practice. Previously ... Mr. Marsiello served as Chief Lending Officer of CIT Group Inc. from September 2003 to February 29, 2008. Previously, Mr. Marsiello served as Chief Credit Officer of CIT Group Inc., since September 3, 2003. He served as Group Chief Executive Officer, Commercial Finance Group of CIT Group Inc., since August 1999. Prior to that, he also served as President and Chief Executive Officer, Commercial Services; Executive Vice President and General Manager, Business Credit; and President of CIT Commercial Finance Company. He served as Chief Executive Officer and President of the Commercial Services business unit, the factoring unit of Commercial Finance, since August 1990. Prior to that, he served as Executive Vice President and General Manager of Business Credit, which provide acquisition financing and debt restructuring to retailers and manufacturers. He held number of other executive positions with CIT and Manufacturers Hanover Corporation, where he had been employed since 1974. Mr. Marsiello serves as Chairman of The Cit Group/Business Credit, Inc. He served as Vice Chairman of CIT Group Inc. from September 3, 2003 to February 29, 2008. Mr. Marsiello serves as a Director of Cit Group/Business Credit, Inc. Mr. Marsiello serves on the boards of Tricolor, Inc.; Amedeo Capital Limited, and United PanAm Financial Corp. He serves as a Director of CIT Group Inc. He serves as Trustee of Citizens Budget Commission. Mr. Marsiello is a Member of the Turnaround Management Association and the Commercial Finance Association. He is on the Board of Trustees of the National Jewish Center for Immunology and Respiratory Medicine as well as the Council of Regents of St. Francis College. He holds 42 years of cycle-tested experience including more than 27 years of experience in secured lending, credit administration and business development. In the fall of 2008, the Turnaround Management Association elected him to the Turnaround, Restructuring and Distressed Hall of Fame. He holds an M.B.A. in Finance from Pace University and has completed the Advanced Management Program at the Harvard Graduate School of Business. Mr. Marsiello holds a B.A. in Economics from St. Francis College and a Certificate in Banking Management from the Stonier Graduate School of Banking at Rutgers.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.